PRESS DIGEST-Canada - March 18

Reuters

Mon, Mar 18, 2024, 7:59 AM1 min read

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March 18 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

** Shopify Inc. granted stock awards to chief executive officer Tobi Lutke valued at close to C$200-million ($147.7 million), making it one of the largest compensation packages in Canadian history.

** Taiwan would like to sign a bilateral trade agreement with Canada as it fights efforts by neighbouring China to diplomatically isolate the self-governing democracy of 24 million people.

** Canada's Indigenous Services department now says it will release audit summaries of how ArriveCan contractor Dalian Enterprises used a federal government procurement program aimed at supporting indigenous businesses, after previously saying all results would be kept secret. ($1 = 1.3537 Canadian dollars) (Compiled by Bengaluru newsroom)

Trump to set interest rates himself under secret presidential plan
Donald Trump’s aides have drawn up secret plans to oust the chairman of the Federal Reserve and allow the president to set interest rates, according to reports.
The Telegraph•13h ago
Grant Cardone Slams Biden For Copying Canada's High Proposed Capital Gains Tax Noting 'Red' Shift: 'Can't Even Come Up With His Own Ideas'
In an expression of disapproval on social media, prominent real estate investor Grant Cardone scrutinized President Joe Biden's proposed hike in capital gains tax in a recent X post. "Biden proposes 44.6% capital gains tax, from current 19%," Cardone posted. "Can't even come up with his own ideas taking a page out of Trudeau playbook who raised Canada to 66%." Cardone then invoked historical political outcomes, writing, "And he ignored how that played out for the last guy who tried it — the enti
Benzinga•13h ago
U.S. panic over national debt might mark a culture shift—are Americans becoming more ‘European’ about money?
Jamie Dimon and Jerome Powell are taking the European viewpoint on soaring debt levels in the U.S.
Fortune•19h ago
Menthol Cigarettes Ban Gets Shelved. What It Means for Tobacco Companies.
The cigarettes account for one-third of all sold in the U.S. and are predominantly consumed by Black and Hispanic smokers.
Barrons.com•8h ago
Jamie Dimon says America needs to ‘take a deep breath’ before facing off with China, because the U.S. is actually in a ‘very good position’ to negotiate
“We have all the food, water, and energy we need.”
Fortune•20h ago
The US economy may be barrelling towards stagflation, an outcome worse than recession
As US growth shows signs of sputtering and inflation keeps rising, a re-run of the tumultuous 1970s is looking more likely.
Business Insider•1d ago
With inflation still high and economic growth slowing sharply we could be heading toward stagflation, a scenario ‘nobody is really prepared for,’ UBS exec says
After preparing for a recession, and hoping for a soft landing, the U.S. might end up in an unexpected bout of stagflation.
Fortune•11h ago
US Air Force awards $13 billion Doomsday plane contract to Sierra Nevada
The Survivable Airborne Operations Center (SAOC) project is intended to replace the aging 1970s-era aircraft, which is approaching end-of-service life, an Air Force spokesperson said in a statement. Work on the SAOC will be carried out in Colorado, Nevada and Ohio and is expected to be completed in 2036, the Air Force added. Reuters in December reported that the U.S. Air Force eliminated Boeing from its competition to develop a successor to the E-4B Nightwatch.
Reuters•9h ago
Biden Administration Shelves Plan to Ban Menthol Cigarettes
The White House is reversing course after weighing the health benefits of the ban against the political risk of angering Black voters.
The Wall Street Journal•10h ago
Harvard, Yale Students Shout ‘Divest!’ at Unyielding Universities
(Bloomberg) -- A cause celebre is ringing out across Harvard Yard, Columbia’s South Lawn, Yale’s Beinecke Plaza and UC Berkeley’s Sproul Plaza: Disclose and divest. Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldThe Long, Slow Death of Urban NightlifeApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchAnd university
Bloomberg•6h ago

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PRESS DIGEST-Canada - March 18

Recommended Stories

Trump to set interest rates himself under secret presidential plan

Grant Cardone Slams Biden For Copying Canada's High Proposed Capital Gains Tax Noting 'Red' Shift: 'Can't Even Come Up With His Own Ideas'

U.S. panic over national debt might mark a culture shift—are Americans becoming more ‘European’ about money?

Menthol Cigarettes Ban Gets Shelved. What It Means for Tobacco Companies.

Jamie Dimon says America needs to ‘take a deep breath’ before facing off with China, because the U.S. is actually in a ‘very good position’ to negotiate

The US economy may be barrelling towards stagflation, an outcome worse than recession

With inflation still high and economic growth slowing sharply we could be heading toward stagflation, a scenario ‘nobody is really prepared for,’ UBS exec says

US Air Force awards $13 billion Doomsday plane contract to Sierra Nevada

Biden Administration Shelves Plan to Ban Menthol Cigarettes

Harvard, Yale Students Shout ‘Divest!’ at Unyielding Universities